Monetary Policy in a NK Regime

We provide an explicit derivation of the conjecture that due to the asymmetric information that characterizes the relationship between bank and borrower monetary policy will be less than fully expansionary.

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Year of publication:	2000
Authors:	Correa, Romar
Published in:	Brazilian Electronic Journal of Economics. - Departamento de Economia. - Vol. 3.2000, 1
Publisher:	Departamento de Economia
Subject:	asymmetric information \| monetary policy

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Extent:	text/html
Type of publication:	Article
Notes:	Published
Classification:	D82 - Asymmetric and Private Information ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005265282